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Pay Scale at DaimlerChrysler
Will Benefit U.S. Executives

By

Gregory L. White and

Brian Coleman Staff Reporters of The Wall Street Journal

Updated Aug. 7, 1998 1:57 a.m. ET

Chrysler Corp. executives will continue to earn substantially more than their German counterparts when the No. 3 U.S. auto maker merges with Daimler-Benz AG this fall, according to documents filed in connection with the deal.

In a proxy statement filed with the U.S. Securities and Exchange Commission Thursday, Chrysler makes clear that the new company will have two pay scales, a higher one for the U.S. and a lower one for Germany....